The major contribution of OPEC to the Nigerian economy is the?

By: |Published on: Oct 21|Categories: Economics JAMB| 0 comments

A. provision of social infrastructures
B. granting of subsidies on petroleum products
C. stabilization of oil prices
D. building of refineries

Correct Answer:

Option C – stabilization of oil prices

Explanation

OPEC aims to regulate the supply of oil in order to set the price on the world market.

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